The Arizona Deposit Agreement is a legally binding document that outlines the terms and conditions between a depositor and a financial institution regarding the deposit of funds. It establishes the rights and responsibilities of both parties and sets forth the guidelines for handling and accessing the deposited funds. One type of Arizona Deposit Agreement is the Basic Savings Account Agreement. This agreement is commonly used by individuals who want to deposit their savings with a financial institution. It specifies the minimum balance requirements, interest rates, and rules governing withdrawals and account closures. Another type of Arizona Deposit Agreement is the Certificate of Deposit (CD) Agreement. This agreement is for customers who wish to earn higher yields by depositing a fixed sum of money for a specific period, typically ranging from a few months to several years. The CD agreement includes terms such as the interest rate, maturity date, and early withdrawal penalties. A third type of Arizona Deposit Agreement is the Checking Account Agreement. This agreement is designed for customers who require regular access to their funds through checks, debit cards, or online banking. It outlines the account fees, transaction limits, overdraft policies, and other terms related to the use of the checking account. Moreover, for businesses and organizations, the Arizona Deposit Agreement also offers specific agreements such as the Business Savings Account Agreement and the Business Checking Account Agreement. These agreements are tailored to meet the unique needs of commercial customers, including features like higher transaction volumes, merchant services, and cash management solutions. In summary, the Arizona Deposit Agreement encompasses various types of agreements, including Basic Savings, Certificate of Deposit, Checking Account, and specific agreements for businesses. These agreements establish the terms and conditions for depositing and accessing funds, ensuring a clear understanding between the depositor and the financial institution.